Tax Flash No. 20/2013

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Government Ordinance 28/2013 establishing certain fiscal measures was published in the Official Gazette 553/2013

VAT

  • Clarifications were introduced on the simplification measures applicability as regards the supply of energy to traders taxable persons established in Romania. The aforementioned category of traders also includes the purchasers which hold a license for operating on the electricity market issued by the Romanian Energy Regulatory Authority, for the transactions performed on the next day electricity market and on the intra-daily market

Excise Duties

Among the main changes, we mention:

  • The category of excisable products includes also engines exceeding 100 CP for yachts and other leisure boats
  • The obligation of private individuals to pay excise duties was introduced in case of intra-community acquisitions or imports of yachts and other boats for leisure, with the exception of those used for performance sports, vehicles, with the exception of those used for the transportation of minimum 10 persons, having capacity greater than or equal to 3.000 cm3, engines exceeding 100 CP for yachts and other leisure boats
  • The excise duties refund regime applies also for jewelry, natural fur confections, yachts and other boats for leisure, vehicles, hunting weapons and weapons for personal use, bullet cartridges and other ammunition for the weapons previous mentioned, engines exceeding 100 CP for yachts and other leisure boats, acquired from another member state or imported, which are subsequently supplied to another member state, exported or returned to the suppliers

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